Is ETH ready to drop from this range?

🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 2396.72 – 2400.00
TP1: 2368.95 (-1.2%)
TP2: 2349.34 (-2.0%)
TP3: 2319.92 (-3.3%)
SL: 2437.58 (+1.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? ETH checklist: 4/12 agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers have the momentum (4h RSI 44.6)
Watch: The idea is wrong if price reaches the stop at 2437.58

Bottom line: The 4h bearish stack and the 4h RSI below 45 show sellers have momentum, but the daily trend is a mixed range and the 1h RSI is neutral, so conviction is moderate.

Where would you place your stop on this short?

Chart with every level below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.